MicroPort NeuroTech Announces Share Buy-back Plan

MicroPort NeuroTech Limited (HK:2172) has released an update.

MicroPort NeuroScientific Corporation has announced a voluntary share buy-back plan to purchase up to 10% of its issued shares using up to RMB200 million from its cash reserves and free cash flow. The Board believes the company’s shares are undervalued and sees the buy-back as a reflection of their confidence in the company’s future prospects. The buy-back, which will last no more than 12 months, is subject to market conditions and will be conducted at the Board’s discretion, in compliance with relevant rules and regulations.

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